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20110801
20110831
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KRON
Aug 25, 2011 7:00am PDT
, everyone has a computer. i think that is largely due to steve jobs. >> paul relief will get more reaction from people coming down here. it is starting to settle in that he is nell ahead at apple. keep in mind, he was at one time the head of pics are. dropped sharply. down over $20 a share. we have watched this year's slowly bounceback since the announcement yesterday. >> more now on a developing story. the bart board members are saying that they agree that the agency said only cut off cell phone service during drastic circumstances. here is video of a protest to restrict cell phone service. in court. it has not announced whether or not very bonds will be retried. he was convicted of lying during his grand jury trial. >> a little ramy out there this morning. >> a little bit of drizzle. nothing too heavy. here is a live look from the roof camera in san francisco. you will need to use your windshield wipers here and there. this afternoon, sunny and warm. nobody debitors our region from 60s along the coast to the upper 80s. the fog is a bay area wide. the north bay, the entire stretch of 101,
KRON
Aug 17, 2011 7:00am PDT
continues. hot och gift whopper >> >> the dow was up 108 points. steve massocca from wedbush equity management is here with more on the markets. good morning. good morning. >> has good morning. >> is there a concern about inflation? >> hi think that is a complete non issue. halhome we are starting to see happening is stocks have moved down for a period of time, that has created an imbalance. the value of bonds that people hold a substantially higher than their investments. people are selling bonds and buying stocks every balancing their >> dell is not on the cutting edge in terms of the technological transition that is taking place. that is why they have had to lower their guidance a bit. but john deere, talking about companies who are able to export products to developing markets and developing countries and continuing a fairly substantial growth, that is a pretty good place to be. hoi do not believe the storm has passed. we do not have a durable solution in europe. the european crisis will weigh on us again some point in the future. i am seeing band-aids being put on a solution th
KRON
Aug 12, 2011 7:00am PDT
. joining us is steve massocca and bus from wedbush equity. good morning. >> good morning. >> is that the biggest news? the doubt is not in triple digits right now. >> this is one of the calmest days we have had. the volume is very light. all of the major companies are making less than one person lives. the treasury securities are doing quite well. within 10 year is down to yielding 2.3%. those markets are doing well. we appear to be returning to some state of normalcy. >> yesterday we pulled back. is the gold rush over? >> they raised the margin requirements on gold. whether the gold rush is over or not, i do not know. europeans have passed a short selling band. that is really a band-aid. right now i think you have to be careful. >> 70 countries and parliaments have to approve anything before it gets done in parliament. it could be months. boni think that germany is a big issue. and that will be the biggest participants in europe. >> the best things for the market is it is friday, at least there are two days of cooling off period >> a few days of rest for people who have
KRON
Aug 10, 2011 7:00am PDT
with the killing of a 14 year-old pleasanton girl nearly three decades ago will be in court today. steve carlson will be in juvenile court. he is 43, but because he was 16 at the time of the murder he will be in juvenile court. police connected his dna to the killing of tina fayles who he killed in 1984 and left her body in a drainage ditch. >> two men and a woman suspected of swindling the elderly in a suspected scam or rested and l.a.. all three were arrested hot on suspicion of of swindling the elderly. >> 7:26 a.m., we are back in a couple of minutes. let's take a peek at the mt. tam cam. the clouds are starting to break up. we have plenty of sunshine. we will be right back. how >> production runs hasn't dropped, and dennis leonard 84, was done over >> we saw a big jump yesterday over foreign-owned plants within the fed's decision to keep interest rates low. was that a good move?, fully half terry connelly. dean of the business school of golden gate university. >> we say hurray, that is terrific and we wake up this morning and say, that means i will be sick for another two years. you do have
KRON
Aug 9, 2011 7:00am PDT
coming from the east shore freeway westbound. >> the dow jones is up 199 points. >> steve massocca is joining us, managing director at wedbush. what do you make of these positive numbers? >> we were long overdue. we have some pretty tremendous selling pressure, over the last nine days in the s&p traded down 16.7%. the nasdaq traded 17.3% in the russell 2000 is a measurement of small stocks. that was down 22.8 percent over the last nine days. clearly we have had a lot of selling over a short time frame. this rally is long overdue. >> it seems like the fed minutes are coming out today. all eyes watching, what more can the fed do? will printing money really make a difference? >> you have a good point. people have some level of expectation that the fed will do something, i do not know that they are. i do not know that this has been that significant in the event. when you look at the market's they are down between 5% and 8% and led to a dozen a the 2009, even though we have periods of time when the market was down 40 or 30%, why did not know if the markets will respond to that. >> we ha
KRON
Aug 4, 2011 7:00am PDT
is happening, steve massocca with wedbush securities is joining us. hello, steve. >> hello. if we spoke to about two hours ago. her the dow's offer over three of the points. any insight? >> previous sellouts were driven by poor economic data. now i think this is being driven by a couple of things. first of all, concerns about debt levels in >> i am watching insurance policies that investors can take out on government debt. i'm looking in places like hall italy, greece, spain and belgium. they are all showing big increases in the cost of that couple that with the japanese yen been weekend, this was dollar been weakened, all of that is giving uncertainty as to what is going on in the world. the market do not like uncertainty. that is why we are seeing significant declines. >> we had solid gains for retail sales and some positive factors with gm reporting a big quarterly profit. the market is largely ignoring the positive news. >> exactly. that indeed was positive news. people have been concerned about the economy. there has been a lot of negative information coming out earlier in the week
KRON
Aug 18, 2011 7:00am PDT
and a plymouth, numbers coming out. let's get some insight on what is happening. steve massocca from wedbush equity management. good morning. >> morning. >> the dow was down over five other points just moments ago. >> that is correct. what is really driving this is not the domestic economic news for what happened in europe overnight, a couple of things have happened. last night there was an odd event where a european bank, it is complicated, but they have to go to a dollar lending facility. a european bank was i was unable to borrow money from other banks in the normal overnight market. typically banks will lend money back and forth over night or for a couple of days to facilitate liquidity needs. much like to double a, one of the things in europe was unable. no one wanted to lend them money. as a result they have to go to a lending facility. that has gotten people very concerned that there is a big people are smelling is in trouble and do not want to lend money to. several european countries have said that if they want to be involved in the agreed to bail well, they want collateral from gre
KRON
Aug 8, 2011 7:00am PDT
are sinking heart is fast. it is ugly. >> steve massocca from wedbush securities is joining us. >> good morning. >> s&p. stocks are taking. look at the yield on the 2, 5 and 10 year notes. they are sinking and mark >> sell-off has been driven by activity in asia in the year -- asia and europe. at one point the dow futures were down close to 300 points. they're now down 178. if you look to the issues in front of the market, the things that are disturbing the market did not appear to be around today. court treasury yield are significantl arey lore. the italian and spanish debt, pa her it looks like a european central-bank which is the equivalent of the fence in europe's horse stepped up to defend both of those bonds. their yields are dowels--it seems to be panic for panics stake. upoake. >> steve, i know you did not give advice, but i wonder, " where a lot of people are in a panic. there were read for this morning. asked our people thinking, do i have to sell? why would they do that >> to the stock market is a market of many different stocks. the market in general appears to be slightly u
KRON
Aug 22, 2011 7:00am PDT
street. the dow shot up over 180 points. steve massocca from with the securities is joining us. >> we had an early rally that was inexplicable. all eyes will be assumed to the speech on the twenty sixth from iraqiben bern. i do not think anything important before coming. sooner or later we will see volatility cream back into the market. >> we will be right back as the kron 4 morning news continues. the dow was up to 53 points. >> we have no information as libya troubles are celebrating. they are saying that they control most of the capital city of tripoli. the united nations secretary general just spoke out and said that the u.n. stands ready to extend all possible assistance to the libyan people once the fighting ends. take a listen. >> i call on gadhafi's of forces to cease violence immediately and make way for a smooth transition. the international community will protect civilians from harm. >> he also announced that later this week he is going to hold a major meeting with several organizations including the arab league, african union and european union to discuss what to do next. in t
KRON
Aug 3, 2011 7:00am PDT
we talked to steve massocca about the reasons for low numbers, the dow was down 123 points, here is what he said. >> we continue to get more economic indicators that show a significant slowing in the u.s. economy. we have been on manufacturing ism, to cut to the gobbledygook, that is a measurement of the service side of the economy. >> that was down almost 7 percent. >> live pictures of the kron 4 newsroom from the white house. we're talking about the ongoing debt talks as well as what is happening in the stock market and the faa impasse. >> working with government and the private sector. cyber threat to communication infrastructure oppose a challenge for the united states and our partners which is why the president has made cyber security all of government approach with the appropriate agency, we refer to you to the fbi. >> when did you become aware? >> i can only tell you that we are aware of that. i did not have a date for you. >> dazzling prices was a manufacturing crisis. a self- inflicted wound. it link between something that congress has to do which is extend the borrowing
KRON
Aug 5, 2011 7:00am PDT
and now up 24. joining us with more, steve massocca from wedbush equity management. >> good morning. rumors on the trading floor that the s&p was going to downgrade the u.s. credit rating. >> it has been a wild day. although the s&p is threatening to downgrade the credit rating of the u.s., moody has >> we have learned this morning that the postal service lost 3.1 billion from april through june of this year. that brings about losses for the year to $6 billion. >> an update on the salmonella outbreak connected to ground turkey, centers for disease control say the bacteria traced to the ground turkey recall is more resistant to antibiotics. that is causing more people to be hospitalized. for one-quarter of the people sawmill poisoning had to be hospitalized. it has been traced to cargo needs. >> it live look outside at the san mateo bridge. visibility is good. we will be right back. >> 9:47 a.m.. we are looking for a sunshine. >> overcast conditions continue. fog and drizzle. partly cloudy through the afternoon. some resorted to the mid-70s. morgan hill was one of the warm response t
KRON
Aug 23, 2011 7:00am PDT
is steve. he lives a couple of doors down. can you tell us what you heard? >> i heard four-five gunshots. i did not bother getting up. my sister called me to tell me that there is a dead body. >> that is pretty shocking. this is a nice neighborhood for a fatal shooting to happen. >> around midnight, apparently a couple people were out here, neighbors told me they heard multiple voices. we do not have a description of the victim or any suspect description. we are still hurting your back from the oakland police department to see if all three shootings are somehow related. this shooting was sandwiched between those two shootings. while investigators were here doing work there were called into a third shooting. >> in another developing story, barge service was disrupted again for passengers last night because of protests that you see. police were out there trying to clear the streets and keep the peace. they made a lot of arrests. the demonstration was on the platform at the civic center station. that is where a 45 year-old transient was killed by a border police officer in july. protesters mov
Search Results 0 to 11 of about 12